Missouri treasurer spurred Chinese divestment in public pension funds, joining states like Indiana and Florida amid increasing concerns about U.S. competitiveness and national security threats from China.
Despite the push for divestment, concerns are raised that such actions could potentially harm investment returns for retirees, with critics claiming that state divestment policies may impact U.S. citizens' wealth negatively.
"Frankly, there should be shame-more shame than there is-for continuing to have those investments at this point in time," highlighting the ethical concern behind investing in Chinese companies accused of utilizing U.S. intellectual property.
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